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Asian shares mostly lower, Nikkei gets boost from weak yen

A woman walks by an electronic stock board of a securities firm in Tokyo, Monday, Nov. 14, 2016. Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen. Other regional bourses have gradually steadied after a bout of ...
turmoil following the U.S. presidential election. (AP Photo/Koji Sasahara)
(The Associated Press)

People stand in front of an electronic stock board of a securities firm in Tokyo, Monday, Nov. 14, 2016. Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen. Other regional bourses have gradually steadied after a ...
bout of turmoil following the U.S. presidential election. (AP Photo/Koji Sasahara)
(The Associated Press)

A man looks at an electronic stock board of a securities firm in Tokyo, Monday, Nov. 14, 2016. Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen. Other regional bourses have gradually steadied after a bout of ...
turmoil following the U.S. presidential election. (AP Photo/Koji Sasahara)
(The Associated Press)

TOKYO – Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen. Other regional bourses have gradually steadied after a bout of turmoil following the U.S. presidential election.

TRUMP FACTOR: Donald Trump's victory over Hillary Clinton has set off a rally on Wall Street, as jitters gave way to hopes. Investors are now betting that Trump and a Republican-controlled Congress will boost infrastructure spending, cut taxes and relax regulations that affect energy, finance and other businesses.

JAPAN HOPES: Data for Japan's gross domestic product showed the economy had grown faster than expected in the July-September quarter, rising 2.2 percent in annualized terms, on the back of healthy exports. The dollar being sought as a safe haven after the U.S. election is also good news for Japan Inc.'s giant exporters.

THE QUOTE: "Global risk assets unexpectedly rebounded on Donald Trump's victory in the US presidential election last week, along with a fast sell off in safe-haven assets including gold and the Japanese yen," says Margaret Yang Yan, a market analyst at CMC Markets in Singapore. "No more surprises before Christmas, please."

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ENERGY: Benchmark U.S. crude fell 8 cents to $43.33 a barrel in New York. It fell $1.25 on Friday to 43.41. Brent crude, used to price international oils, gained 2 cents to $44.77 a barrel in London.

CURRENCIES: The dollar rose to 107.46 yen from 106.67 yen late Friday in Asia. The euro slid to $1.0800 from $1.0886.